All of the latest tax news, views and clues for May 2025.
This Alert addresses:
- Upskilling? You may be able to claim your self-education expenses – If you’ve thought about undertaking professional development this year, you may be able to claim some of your expenses in your 2024–2025 tax return.
- Beyond the booking: tax implications for short-term rentals of your home – Platforms like Airbnb have made it easier to earn extra income from your home, but many Australians are unaware of the tax implications.
- Sole trader or company: what are the tax differences? – Tax considerations are vital in deciding which business structure is most suitable for you.
- Keeping your super account secure – In the wake of recent cyber-attacks on several large Australian super funds, you might be wondering how to protect your retirement savings.
- What payday super could mean for you – The way superannuation is paid may be about to undergo a significant transformation.
Important: This is not advice. Clients should not act solely on the basis of the material contained in this Tax Alert. Items herein are general comments only and do not constitute or convey advice per se. Also changes in legislation may occur quickly. We therefore recommend that our formal advice be sought before acting in any of the areas. The Tax Alert is issued as a helpful guide to clients and for their private information. Articles in the Tax Alert are not to be republished or reproduced for further distribution without requesting permission from HLB Mann Judd. Therefore it should be regarded as confidential and not be made available to any person without our prior approval.